Tuition Debt Carried by Many Parents to Help Kids

Tuition Debt Carried by Many Parents to Help KidsMany Canadian parents pay a hefty portion of students’ tuition fees, even if it means sacrificing their financial stability, to help their children avoid a post-graduation life burdened by tens of thousands of dollars of student debt. Ross Campbell, a 56-year-old financial planner, and his wife knew they wanted to help their two daughters graduate university without the girls owing a cent. “That was sort of a focus of ours,” Campbell…

Read More >>

Why Millennials Need to Get Over Their Fear of Stocks

Why Millennials Need to Get Over Their Fear of StocksAfter coming of age during the worst economy since the Great Depression, many members of the Millennial Generation have become wary of the stock market. But by putting their money into so-called “safer” investments, these young people are actually putting their future retirements at a much greater risk. Over the past five years, many young adults in their 20s and early 30s, also known as “Generation Y,” have watched their…

Read More >>

How to Invest When Interest Rates Rise

How to Invest When Interest Rates RiseFixed income is considered by most investors to be the cornerstone of a well-constructed portfolio, usually through investment-grade bonds with laddered maturities. For more than 30 years, this has worked well, rewarding investors with a steady stream of income and well-preserved capital. But we now find ourselves at a well-covered inflection point of ultra-low returns and near-certain imminent increases in interest rates — the double whammy of bond investing. This…

Read More >>

Investors Have Little Trust in Financial Services

Investors Have Little Trust in Financial ServicesThe recent global financial crisis did more than ravage investment portfolios, wipe out employment and force people out of their homes. It also obliterated trust in the financial services industry by the people who use it most – investors. A new international study says a mere 53 per cent of investors in the United States, United Kingdom, Hong Kong, Canada and Australia have faith in investment firms. What’s more, the…

Read More >>

Retirement Saving Should Be Realistic Not Idealistic

Retirement Saving Should Be Realistic Not IdealisticPlanning for retirement can be overwhelming. It requires thinking about long-term goals and it forces consideration of a more sensitive subject — one’s own mortality. An RBC study reports that only 52% of Canadian boomers actually put a plan on paper despite understanding its importance. However, they worry about it. According to a recent Investors Group survey, financial concerns affect 32% of Canadian couples and 60% of them put retirement…

Read More >>